BOCA RATON BUSINESSMAN SETS WORLD RECORD
Boca
Raton's 27 year resident and businessman , William Youngerman of William Youngerman,
Inc., a rare coin and precious metals dealership set a new world record price
for a 1902 series national bank note from the town of Fort Meade, Florida.
$132,250.00
was the final price paid by the firm at a recent auction in St. Louis Missouri.
The world record price ends an 85 year search by collectors
for a note on the bank which was chartered on Youngerman's birthday May 12 th
, in the year 1913.
Polk counties history is believed to have
begun with the settlement of Fort Meade in the 1840's, a time when forts around
Florida provided protection for settlers during and after the Seminole wars. General
Twigg commissioned Lt. George G. Meade to select a location for the fort, and
named it after him.
Years later, Lt. Meade would become General
George G. Meade in the U.S. Army and commander of the Union troops at the Battle
of Gettysburg.
The 1890 $1000 Treasury Coin Note also features
General Meade's portrait on it, a note currently worth around $1,000,000.
The
First National Bank of Fort Meade Florida was chartered under the National Bank
Act of 1863 and signed into law by President Abraham Lincoln. The national currency
act continued until the Great Depression of 1933, which saw the end of many banks.
Under these new banking laws banks could receive a charter
by placing a minimum of $25,000 in U.S. Bonds on deposit with the treasury department,
for which they would receive up to 90% of the value of the bonds in U.S. printed
currency, called national bank notes. These notes would state on them their backing,
denomination, the name of the bank, its charter number, and the town and state
of its location. They remain legal tender to this very day and are affectionately
referred to as “hometown currency”.
There were 109 such charters
granted to banks in the state of Florida in 59 different towns.
Over
12,000 banks throughout the country issued currency during this period in our
history.
It was this very act that saved the Union financially
during the civil war, when currencies were quickly becoming worthless. Most of
the notes issued during this period have long ago been redeemed by the treasury
however those remaining have left us with a great piece of our country's financial
history, and every note has a story to tell.
Notes were signed
by the cashier and president of each bank, children and grandchildren of these
signers still seek them out as well as collectors for their hometown and state.
Such is the case with William Youngerman who has assembled the largest collection
of Florida's financial history through its currency, bonds, and tokens, from Florida's
territorial period up to modern times.
William Youngerman, Inc.
World Gold Coin and U S Gold Coin Specialists
William
Youngerman offers live support to answer all your questions about buying-selling-trading
World Gold Coins and U S Gold Coins.Boca Raton, Florida is the home to one of
the finest World Gold Coin and U S Gold Coin specialists in the United States.
To speak to someone about buying-selling-trading World Gold Coins and U
S Gold Coins right now, just pick up the phone and call toll free at 1-800-327-5010.
We have one of the most extensive inventories of World Gold Coins. South
Florida has no World Gold Coin specialist to compare. Mr. Youngerman, a World
Gold Coin and U S Gold Coin Specialist, is a long standing member of the American
Appraisers Association. The World Gold Coins and U S Gold coins in our inventory
are certified by either PCGS, NGC or ICG. Mr. Youngerman is available to answer
immediate questions about your best advantage regarding buying-selling-trading
World Gold Coins and U S Gold Coins.
You can also email bill@youngermans.com.
Thank you for visiting William Youngerman. And don't forget that we have been
leaders in buying-selling-trading World Gold Coins and U S Gold Coins since
1967.
I hope you have a great time buying-selling-trading World Gold Coins
and U S Gold Coins!
William Youngerman
William Youngerman, Inc.
info@williamyoungerman.com
Toll Free 1-800-327-5010
P.S. I enjoy special requests for buying-selling-trading World Gold Coins and
U S Gold Coins. Tell me your wants or what you have in World Gold Coins and
U S Gold Coins and let's see what we can come up with. I am constantly looking
for new avenues for buying-selling-trading World Gold Coins and U S Gold Coins.
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Residents Gold Coins purchases are exempt from sales tax.
